Thursday, November 14, 2019

Banks bracing for rise in loan delinquencies and loss of clients

The Bahamas Institute of Chartered Accountants (BICA) Accountants Month conference 2019

By  Natario McKenzie

NASSAU, BAHAMAS – The commercial banking sector is bracing for a rise in loan delinquencies as well as loss of clients due to Hurricane Dorian, the head of the Clearing Banks Association (CBA) said yesterday.

LaSonya Missick, chair of the Clearing Banks Association, underscored the business disruoption on hurricane-ravaged islands while addressing the Bahamas Institute of Chartered Accountants (BICA) Accountants Month conference.  Read more >>